Campbell Soup, Covance, Fresh Del Monte, Visa

SAN FRANCISCO (MarketWatch) -- Shares of the following companies were among those that made notable moves in the U.S. stock market Tuesday.

Advancers

ArvinMeritor Inc.
ARM, +0.00%
earned $20 million, or 28 cents a share, in the second quarter compared to a loss of $94 million, or $1.34 a share a year ago. A year ago in the period ArvinMeritor had a loss of $1.34 a share. The truck component maker had sales of $1.8 billion - $150 million higher than the same period last year primarily due to the effects of changes in foreign currency. ArvinMeritor reaffirmed its forecast for earnings from continuing operations to be in the range of $1.40 to $1.60.

Atheros Communications Inc.
ATHR
said first-quarter net income fell to $3.4 million, or 6 cents a share, from $7.6 million, or 13 cents a share, for the same period last year. Revenue grew 20% to $114.5 million. Analysts were expecting earnings of 27 cents a share on revenue of $113.8 million, according to consensus estimates from FactSet Research.

BP
BP, -1.88%
first-quarter net profit rose to $7.6 billion, from $4.7 billion a year ago. On an adjusted basis, (BP)profit rose 48% to $6.59 billion. Analysts had been expecting adjusted profit of $5.265 billion for the quarter, according to company-compiled data. BP said the result benefited from higher oil and gas realizations and a higher contribution from its gas marketing and trading and LNG businesses. This was partly offset by higher costs. The result also included higher income from equity-accounted entities, primarily from TNK-BP due to higher prices. Reported production for the quarter was flat at 3,913 mboe/d. BP said that, if oil prices remain at $100 per barrel, it expects 2008 reported production to be broadly flat compared with 2007.

Burlington Northern Santa Fe Corp. [
BNI
first-quarter earnings climbed to $455 million, or $1.30 a share, from $349 million, or 96 cents a share in the year-ago period. The Fort Worth, Texas, railway company said revenue rose to $4.26 billion from $3.65 billion. Analysts polled by FactSet expected, on average, earnings of $1.22 a share on sales of $4.12 billion. Helping BNSF was a sharp rise in its agriculture products revenue, the company said. Looking forward, BNSF said it is optimistic about long-term prospects despite current economic softness in its consumer products business. Shares of BNSF closed Monday at $101.12, up 1.4%.

Campbell Soup Co.
CPB, +0.28%
will close its Listowel, Ontario, Canada food plant, leave the snack food business in Australia and discontinue private label biscuit and industrial chocolate production at its Miranda, Australia facility. The food items producer said, subject to legal requirements, the company plans to eliminate overhead costs related to the businesses the company has divested. The company expects to incur $230 million in pretax and implementation charges during the fiscal third and fourth quarters of 2008.

Choice Hotels International's
CHH, -1.02%
first-quarter net income rose to $18.5 million, or 30 cents a share, from $16.3 million, or 24 cents a share, a year ago. First-quarter earnings included termination benefits expense of about 3 cents a share. Revenue increased to $128.9 million from $114.9 million a year earlier. Analysts surveyed by FactSet Research had projected earnings of 27 cents a share on revenue of $123.8 million.

Group 1 Automotive, Inc.
GPI, +1.51%
first-quarter profit totaled $16.4 million, or 73 cents per share, from $17.4 million, or 72 cents per share, in the same quarter a year before. The results were above expectations for 69 cents per share, according to a poll of analysts by FactSet Research. Revenue for the quarter was $1.529 billion, compared to $1.523 billion in the year-ago quarter. The company also reaffirmed its fiscal 2008 earnings forecast of $2.95 to $3.25 per share.

Hanover Insurance Group
THG, -0.59%
reported a first-quarter net income of $58.5 million, or $1.12 a share, down from a year earlier when the insurer made $63.6 million, or $1.22 a share. Net realized investment losses were $5.1 million, or 9 cents a share, in the latest period. Hanover was expected to make $1.05 a share, according to the average estimate of eight analysts in a FactSet survey.

Hartford Financial Services
HIG, -0.94%
reported a first-quarter net income of $145 million, or 46 cents a share, down 83% from $876 million, or $2.71 a share, a year ago. Core earnings, which exclude most realized investment gains and losses, were $792 million, or $2.51 a share, the company reported. Hartford was expected to make $2.46 a share, according to the average estimate of 19 analysts in a Thomson Reuters survey.

Royal Dutch Shell
RDS.A, +0.19%
(RDSA) first-quarter profit rose 25% to $9.08 billion as oil prices climbed. On a current cost of supplies basis, its profit rose 12% to $7.78 billion, excluding a net $77 million of charges. Analysts polled by Shell had forecast adjusted earnings of $6.77 billion. Production edged up to 3.52 million barrels of oil equivalent a day from 3.51 million. It's paying a dividend of 40 cents a share, up 11%, and bought back $1.1 billion shares during the quarter.

Seagate Technology Inc.'s
STX, -1.35%
Chief Financial Officer Charles Pope will retire from that role Aug. 25 to focus on leading the Seagate Services group. Pope will be succeeded by Patrick O'Malley, currently senior vice president of finance treasury for the hard disk drive maker.

STMicroelectronics NV
STM, +0.13%
swung to a first-quarter loss of $84 million, or 9 cents a share, from $74 million, or 8 cents a share, a year ago due in part to restructuring charge of $19 million and an impairment charge of $164 million. Excluding charges, earnings were 13 cents a share. The semiconductor company's revenue rose to $2.48 billion from $2.28 billion.

Visa
V, -1.36%
fiscal second-quarter net income came in at $314 million, up 28% from a year earlier when the payment-processing giant made $246 million. Net per Class A share was 39 cents. Adjusted profit for the quarter was $401 million, or 52 cents. See full story

Yahoo Inc.:
YHOO, -2.00%
After snubbing Microsoft Corp.'s
MSFT, -0.38%
deadline for a merger deal, Yahoo may now face the prospect of a proxy war with the software behemoth -- a struggle many observers think it will likely lose. But Yahoo has done the math and believes victory is possible, especially if Microsoft refuses to raise its offer, according to an analyst who was briefed by officers of the Web portal. "They're looking at their hand," said analyst Roger Kay of Endpoint Technologies, "and think they can win." See full story.

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